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    But because the retailing business has been so enamored of acquisitions lately — Tommy Hilfiger recently announced that it, too, would be prowling for companies to buy — Kellwood and Jones are now bumping heads in the takeover market. "Everyone is in an acquisition mode now." Mr. Cohen said, "So they end up competing for the same businesses."
    Jones hit the mainstream news media this spring with its feud with Polo over the $548 million-a-year Christian louboutin license, which Polo claimed was its to take back, a premise Jones disagreed with — and still disagrees with. (And it has now sued to prove it in court.) Nonetheless, after intense negotiations,Louboutin Shoes, Jones just handed the license back to Polo, leaving Polo to scramble to produce it for spring, and leaving Jones with a major hole in its empire.
    "It’s natural they’re in a panic," Kellwood’s chief executive, Hal J. Upbin, said in an interview this week. "They’ve got to fill a big void." Peter Boneparth, Jones’s chief executive, refused to be drawn into a slugging match with Kellwood or to show panic. Despite a run of acquisitions that last year alone totaled $400 million, Mr. Boneparth said, &quot,Christian Louboutin Sale;I’m not opposed to ending the year with a lot of money — it’s not like it’s burning a hole in our pocket."
    Industry executives and analysts say Kellwood appears to have the inside edge on the Calvin Klein license, partly because of Mr. Boneparth’s role in the messy Jones-Polo divorce. "Who would feel comfortable doing business with him after he filed a $550 million lawsuit?" said Jennifer Black, a retailing analyst with Wells Fargo Securities.
    This is not the first time Jones and Kellwood have gone head-to-head. Just last week, Kellwood appeared to win out on the purchase of Kasper ASL, a company operating under bankruptcy protection. Kellwood’s bid was accepted — tentatively — with a $151 million cash-and-stock bid for Kasper and its potentially lucrative brand name, Anne Klein. But published reports have suggested that Jones may jump into renewed bidding, permitted under the bankruptcy provisions.
    And Jones is the company most frequently linked with Hilfiger. Reports that Jones wanted to buy the troubled Hilfiger company were rife in the spring, with Kellwood’s name briefly mentioned as a potential spoiler. Although Tommy Hilfiger himself subsequently vowed to remain independent, with the Christian louboutin business gone, talk of a Hilfiger purchase by Jones has resumed. But several executives who work for the companies said a deal was still unlikely with either Jones or Kellwood.

     March 8th, 2010  admin   No comments